OUTFLOW. Write your answer on the second column. Determine if the cash activity is OPERATING< INVESTING or FINANCING. Write your answer on the third column. If the transaction is non-cash, write NONCASH on both columns. Transaction Movement of cash Cash activity 1. collection from customers 2. payment of interest to lenders made by financial institutions 3. issuance of shares of stocks 4. proceed from loan from Metrobank 5. depreciation of equipment 6. sale of merchandise 7. sale of obsolete machineries 8. payment of salaries of employees. 9. payment of taxes 10. payment of dividends

Which of the following is not an operating activity shown on the Statement of Cash Flows? Cash received from customers for cash sales Cash payment for equipment Cash received for payment on an accounts receivable Cash payments for insurance

he comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: abels and Amount Descriptions Labels Dec. 31, Dec. 31, December 31, 20Y8 For the Year Ended December 31, 20Y8 Amount Descriptions Cash paid for equipment Cash received from issuing common 20Y8 20Υ7 12 Assets 3 Cash $145,670.00 $179,640.00 4 Accounts receivable (net) 225,480.00 241,430.00 stock 5 Merchandise inventory 320,660.00 298,210.00 Cash dividends 6 Prepaid expenses 12,990.00 8,900.00 Cash paid to retire mortgage note 7 Equipment 655,730.00 537,410.00 payable Decrease in merchandise inventory 8 Accumulated depreciation-equipment (171,620.00) (132,200.00) Total assets $1,188,910.00 $1,133,3 Decrease in accounts payable Decrease in accounts receivable 10 Liabilities and Stockholders' Equity Decrease in prepaid expenses Depreciation Increase in accounts payable 11 Accounts payable (merchandise creditors) $250,770.00 $237.180.00 12 Mortgage note payable 00 336,110.00 13 Common…

Which of the following balance sheet items are commonly associated with the purchases and cash disbursements cycle? A Inventory and accounts payable B Purchases and accounts receivable C Cash paid to vendors D Cash received from the sale of inventory